so an enterprise value of 113/16.3. (Using operating EBITDA from last years 4E. This gives an EV/ operating EBITDA of 6.9 - the general metric is that anything under 10 is good value.
I don’t have any trouble extracting the figures - I find the accounts very clear, although all the normalisation is irritating. They all do it though. I just wanted to make sure we were both using the same sources.
